The Daily

A Historic Stimulus Bill

Mar 26, 2020

Julie Hirschfeld Davis, the Congressional editor of The New York Times, shares insights on the historic stimulus bill designed to combat the economic fallout of the pandemic. She discusses the hefty $425 billion earmarked for the Federal Reserve and the fierce bipartisan negotiations that characterize its passage. Hirschfeld also highlights how past financial crises are influencing today's political landscape and the varying responses from lawmakers, showcasing the urgency of providing relief while ensuring fiscal responsibility.

30:20

Creator website

Episode guests

Julie Hirschfeld Davis

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Episode notes

Intro

3min

Legislative Responses to the Pandemic

9min

Political Repercussions of Financial Bailouts

6min

Stimulus Bill Negotiations: A Political Tug-of-War

11min

Navigating Crisis: Legislative Responses and Community Resilience

5min

To rescue the American economy in the coronavirus crisis, Congress is on the verge of adopting the most expensive stimulus bill in U.S. history. But how much is the battle over this measure being influenced by the last financial crisis? Guest: Julie Hirschfeld Davis, the congressional editor of The New York Times. For more information on today’s episode, visit nytimes.com/thedaily.

Background reading:

The bill promises a $1,200 payout to millions of Americans, increased jobless aid and grants to save small businesses from permanent closure. Here’s what it means for you.

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